Analysts Set Bombardier, Inc. Class B (TSE:BBD.B) Price Target at C$114.00

Bombardier, Inc. Class B (TSE:BBD.B) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$114.00.

Several equities research analysts have commented on BBD.B shares. National Bankshares upped their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. National Bank Financial upped their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. CIBC reduced their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. TD Securities dropped their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. Finally, Scotiabank cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a research report on Friday, November 1st.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Daniel Brennan sold 19,676 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. 1.66% of the stock is owned by insiders.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B opened at C$96.68 on Thursday. The firm has a market cap of C$8.36 billion, a PE ratio of 25.05, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The stock’s fifty day moving average price is C$101.19 and its two-hundred day moving average price is C$94.75.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.